egd;357667 Wrote: > This scenario is only going to get worse as baby boomers retire and > start accessing their 401Ks. This is not a problem created by Bush or > Obama (no doubt he'll cop the blame though), it goes back to switching > from defined benefit to defined contribution pensions. The next 10-15 > years will likely be very ugly for many westernised nations that have > left retirement funding almost entirely in the hands of funds managers. > In the cold light of day it's almost unthinkable that you'd leave your > golden years in the hands of some young punk who doesn't give a shit > what happens to the funds he's playing with so long as he's in the game > long enough to make his disproportionate bonuses playing with other > people's money and get out sitting pretty. In the final analysis, > that's exactly what most governments forced employees into.
.. and guess who just started talking about the gubmint taking over all 401k's? Let's see .. they already spent all of the money in Soc Security, now they want to get their grubby little mitts on all of the 401k money too! It's time for putting your money under the mattress and sitting upon it holding your shotguns! :-) -- NFLnut ------------------------------------------------------------------------ NFLnut's Profile: http://forums.slimdevices.com/member.php?userid=13180 View this thread: http://forums.slimdevices.com/showthread.php?t=54678 _______________________________________________ discuss mailing list discuss@lists.slimdevices.com http://lists.slimdevices.com/lists/listinfo/discuss
